there are many merits of internationalism like Promotion of peace and harmony among countries , culture exchage, enhancment of trade with expanding markets for goods and services , betterment of international orgnizations, aggrements and treaties on the other hand there are many demerits of internationalism like global warming , copyright infringement on music and movies ,drug and/or arms trafficking ,resource depletion and distribution ,renewable and nonrenewable resources ,intellectual property ,terrorism ,nuclear materials control.
Globalization is good for revenues for the business. One drawback to globalization is the fact that it may cause locals to have fewer jobs.
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Merits of liberalization: It can lead to increased competition, innovation, and efficiency in industries, stimulate economic growth, attract foreign investment, and create more opportunities for consumers. Demerits of liberalization: It can result in job losses in certain sectors, widening income inequality, exploitation of labor, environmental degradation, and vulnerability to global economic shocks due to increased interconnectedness.
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